Fengche (Shanghai) Information Technology Co., Ltd. and China Top 100 Dealer Group - Shanxi Dachang Automobile Group recently officially signed a strategic cooperation agreement. The two parties will carry out comprehensive cooperation in areas such as the group's used car digital system and used car auction transactions. Fengche will fully leverage its leading advantages in smart digitalization and online transaction services, actively sharing with Dachang Group years of deeply cultivated practical experience in China's used car digital management, operations, marketing, and transactions. The cooperation aims to continuously deepen, create value, and help Dachang Group achieve the digitalization, standardization, online management, and procedural control of its used car business processes, thereby further accelerating the development of the group's automotive business.

About Shanxi Dachang Automobile Group

Shanxi Dachang Automobile Group, founded in 1983, is a diversified modern service industry group company primarily engaged in automobile sales, vehicle maintenance, used cars, and the automotive aftermarket industry, while also integrating finance, education, insurance, hotels, catering, car rental, and leasing industries. It has been ranked among the Top 500 Private Enterprises in China, the Top 500 Service Enterprises in China, and the Top 100 Private Enterprises in Shanxi Province for many years, and has served as the president unit of the 'Shanxi Automobile Circulation Chamber of Commerce' for ten consecutive years.

Shanxi Dachang Automobile Group is a diversified modern service industry group that provides users with a full ecosystem of services including "buying cars, maintaining cars, repairing cars, insurance, leasing, finance, education, accommodation, and catering." It owns twelve major auto trading parks and 66 subsidiaries (including 46 4S stores and 20 diversified subsidiaries), with over 5,000 employees.

In 2023, the company achieved revenue of 8.5 billion yuan, with sales of 36,200 vehicles, including a 153% year-on-year increase in new energy vehicle sales, 420,000 after-sales service visits, and 9,076 used car sales. The group actively engages in digital transformation, technological advancement, and informatization, relying on a development plan led by technology to strengthen the company, consistently practicing the corporate mission of 'All our efforts are for serving society,' providing high-quality services to a wide range of users.
Dachang Group will strengthen technological innovation, taking new technologies such as 'intelligent AI, big data, and ecosystems' as the guide, and expand into technology, environmental protection, education, and other areas, building 'customer pools, product pools, and service pools.' The company aims to achieve technology-driven growth and strengthen the enterprise through technology, promote high-quality enterprise development, maintain stable performance growth, and strive to become a world-class diversified modern service group.

About Fengche

Fengche (Shanghai) Information Technology Co., Ltd. (referred to as “Fengche”) is a professional digital transaction platform service provider in China. It has received multiple rounds of strategic investments from NYSE-listed companies and Fortune Global 500 companies. With "intelligent digital technology" as its core advantage, Fengche provides professional digital transaction service capabilities for automobile manufacturers, 4S dealership groups, and downstream car dealer channels.

Smart Used Cars is a standard business system designed for dealership groups and car source agencies. It covers used car ERP management systems, CRM customer management systems, online marketing systems, BI data analysis systems, financial systems, retail and wholesale channels, and overseas marketing channels. It connects the entire used car industry chain of dealership groups, forming an integrated system covering used car business management collaboration, customer and sales management, business decision-making and intelligence, and transaction services. It collaborates with 4S dealership groups and OEMs' used car departments to establish standardized processes and operational systems for used cars, continuously enhancing the digital operation capabilities and value of the used car business.

Quanguo Pai is Fengche's nationwide cross-regional B2B transaction platform. Upstream, it connects dealership groups, manufacturers, and financial and insurance institutions with used car sources; downstream, it connects used car dealers and buyers nationwide. Leveraging its advanced digital capabilities and advantages, Quanguo Pai’s core mission is "to lower circulation costs and improve circulation efficiency," creating value for the industry and clients.

Chuhai Yun (CEA) is China's cross-border e-commerce platform for automobile exports. Chuhai Yun is committed to strong collaboration, leveraging each party's strengths, integrating dealership groups and car source agencies, expanding export channels, and connecting domestic manufacturers and dealership groups with overseas channels and buyers online, helping Chinese automobiles create value in overseas circulation.

By leveraging advanced digital and AI technology, Fengche connects 25 domestic automobile manufacturers, 200 4S dealership groups, nearly 10,000 4S stores, and 200,000 used car dealers and buyers online, comprehensively improving efficiency, reducing costs, enhancing effectiveness, and connecting upstream and downstream industry chains to maximize value for all parties, practicing the mission of "making business simpler and life better!"